Q1 FY27 results show nil revenue, net loss; going concern flagged
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Viksit Engineering's Board approved Q1 FY27 unaudited results with NIL revenue from operations versus Rs 41.09 lakhs for FY26. Net loss of Rs 4.02 lakhs. Other equity deeply negative at Rs (279.97) lakhs, net worth eroded. Auditor flagged a going concern note, as the company has not carried out regular business. New promoters took over via an NCLT plan and aim to revive operations. Board also approved shifting the registered office within Mumbai and appointed I.P Mehta & Co as internal auditor for FY27.
Eroded net worth and going concern flag raise serious doubts about business continuity. Stock likely to remain highly volatile.